Golden Agri

Golden Agri: To invest $1.6b in Liberia to expand oil palm plantations and build mills. Co. plans to plant oil palm in 260,000 ha of land in Liberia, including 40,000 ha of plasma program; expect yields of 5-6t per ha, which is in-line with current production. Co. expects to produce 1.5m tons of palm oil in Liberia As a guide, grp currently has abt 463,000 ha of total planted area, with CPO production at 2.9m tons p.a as of its latest financial yr end. It would appears that GGR it is going into Liberia in a very strong way to boost its current production, as land price in Indonesia has risen substantially, giving rise for planters to source for more viable alternatives.